Reese Witherspoon Shares Her Brilliant Idea for 'Legally Blonde 3'

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Could we be seeing a Legally Blonde 3 in our future?!

Only time will tell, but at least we know Reese Witherspoon already has a great idea for it. The 39-year-old Oscar winning actress recently shared the potential plot for a third film in the franchise.

"A lot of writers, like, over the years, have come up with different ideas for it," Witherspoon revealed on Lifetime’s Rachel Zoe talk show, Fashionably Late. "I actually think it's kind of great right now because we're talking about women in politics and how important that is to get more women. And I think it'd be kind of a cool thing to have her be a Supreme Court justice, or someone who runs for office -- President, I mean ..."

WATCH: Christina Applegate Turned Down 'Legally Blonde' and Totally Regrets It -- 'What a Stupid Move'

And to the delight of the film's fans everywhere, the Wild star said she's definitely up for a Legally Blonde 3.

"I think it would be cool. I think we're ready to see Elle and see what she's up to lately," she said about her beloved character. "That said, I don't know. Call MGM! I have no idea."

Legally Blonde
, which featured Witherspoon as a sorority girl who goes to law school, was a surprise 2001 hit both critically and commercially. But its 2003 sequel, Legally Blonde 2: Red, White & Blonde -- which featured Elle taking on politics in Washington, D.C. -- was not as well-received.

WATCH: 'Cruel Intentions' Co-Stars Sarah Michelle Gellar and Reese Witherspoon's Sons Are Besties!

In July, actress Christina Applegate revealed to ETonline that she actually turned down the role of the lovable Elle Woods, a decision she clearly regrets.

"The script came along my way and it was right after I had just finished, Married [...with Children], and it was a blonde who in that first script didn't win it but ends up going to Yale, or Harvard, I don't remember," Applegate recalled. "I got scared of kind of repeating myself."

"What a stupid move that was, right?" she added.

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